Geely Holding sales surge 31% in Q1
Chinese automaker Zhejiang Geely Holding Group reported a 31% year-on-year surge in global vehicle sales to 946,627 units in the first quarter of 2025, driven by an 83% jump in new energy vehicle (NEV) sales to 463,372 units – or 49% of its total vehicle sales in this period.
Geely Automobile Holdings Limited, comprising the group's Chinese brands, reported a 48% increase in first-quarter sales to 703,824 units, including 589,813 Geely-branded vehicles, 72,608 Lynk & Co sales, and 41,403 Zeekr sales. The company's commercial vehicle unit, Farizon New Energy Commercial Vehicle Group, saw its sales rise by 62% to 26,710 units. Sales outside China amounted to 89,953 units, underpinned by the recent roll-out of the EX5 in Indonesia, Australia, New Zealand, Vietnam, and across Latin America.
First-quarter sales by the group's Volvo Cars subsidiary amounted to 172,219 vehicles, including 74,483 NEVs, while Polestar sold 12,304 units.
Geely has stepped up its globalization strategy in the last two years, underpinned a strong new product launch strategy. Exports from China surged by 57% to 414,522 units last year, with the company reporting strong demand for its products in the Middle East, Asia-Pacific, Africa, Latin America and Europe.
"Geely Holding sales surge 31% in Q1" was originally created and published by Just Auto, a GlobalData owned brand.
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